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million in china town area. that was done for a couple of reasons, many of which have been discussed in the hearings leading up to this conversation. essentially that china town is the densest in san francisco, the most open space poor, as you often hear in our conversations here, and that the analysis the planning department did indicated much of the spillover from increased density created by the new housing and new office space in the plan area would affect not just the downtown and south of market by china town. what is before you today is affirming and supporting what the planning commission did on october 18th. to prioritize spending those impact fees in the china town neighborhood. i want to note quickly the ipic committee on which the rec department has a seat is body charged with the actually allocation of those fees. i believe we talked a little about that in the september hearing but happy to answer more questions on that, as necessary. >> is there any public comment on this item? please come forward. >> good morning, aim may chan. i'm a legislative advisor for david chu.
allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to be one of the pillars and hallmarks of his second time in office and he's wasting no time in piling on pressure on to the bank of japan who holds, of course, their two-day policy board meeting later on this week. here is what he had to say. >> i have constantly stressed our desire to present a policy accord in raising the inflation target to 2%. i do think it is unusual for monetary policies to come to the forefront during elections, but we have been able to gain much support for this. i hope the bank of japan will take this resu
states, 7% china, 5% india, negative one in europe. in that environment you want to own a portfolio of multinational companies with dividends, global exposure, it will provide as good of a return as anything else when you have bonds and cash paying so low. as long as you understand you're in the seven, 8% environment, portfolio stocks should be part of that. david: let's talk to a guy that says full speed ahead torpedoes. he thinks it will be better than this year was. saying people are confusing pickups for heart attacks in today's market to all these problems are going to seem like nothing when we come to the big gains of next year. you really think that will bear out, and how do you invest with that kinddof optimistic strategy? >> first of all what we have seen with investor sentiment is contradictory to what we've seen with consumer sentiment and business sentiment. when you see negative investor sentiment is not just in the retail side but also the institutional side creating a great potential opportunity for performance. secondly if you take a look at kicking the can down the
. and then we'd like to improve our ties with china. as for the senkaku islands, we retain the stance they are japanese territory. we have to clearly show this policy to the chinese side. on the economic front, unless we change the current situation where annual income dwindles year after year, young people will not be able to have hope in their lives. we have to change this dire situation. that's our mission. we need to get out of the deflation as soon as possible, and that was part of our party's pledge. we will be compiling a sizeable suppleme suppleme supplementary budget. >> as abe prepares to move into the province's office, noda is preparing to move out. he's also stepping down as the leader of the democratic party. >> translator: at this time, the results of the general election are coming in, and the dpj has been handed a very stern verdict by the people. but it's the people's decision, and therefore, we take it seriously. all the results have been calculated. i have to assume responsibility for leading the party into this very serious position, and i've decided to step down
in the east china sea. they'll carefully monitor how the new administration deals with the issue. japan controls the islands but china and taiwan say they belong to them. >> translator: we hope that china realizes the problems we share and deal with them properly. >> they claim that the islands are part of their test. and developing a healthy, stable and long term relationship will serve the interest of both countries. >>> more than 100 million people in japan were eligible to cast ballots in this election, but a sizable number gave the polling stations a pass. the voter turnout sank to its lowest since world war ii. officials with the internal affairs ministry say nearly 62 million people cast ballots. that's about 59% of eligible voters. it's nearly ten points lower than the level set in the 2009 lower house elections. the democrats came racing to power last time around, but they limped to the finish line in this election. we went to find out why people didn't vote for the party or didn't vote at all. >> reporter: these angels come out every hour. prime ministers in japan seem to come
a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversin
on "varney & company," apple says it sold a record 2 million 3 c1 iphone 5's this weekend in china. still, one citigroup analyst down grades the stock and says it's got a much lower price target. there are also rumblings about orders for its products this christmas. all right, so, nicole, did we break below 500 bucks this morning? >> we did. we broke down on apple shares below $500 for the first time since february. but in that same breath, i can talk about the fact that their iphone sales over in china broke records on the rollout. stuart: okay, but right now, i'm seeing it expected to open around $510 a share. >> right. stuart: but i did see it pre-market at 499. just for a brief spell so we broke below very briefly and now we've broken back up again. >> and you have that citigroup downgrade which just piles on to the other analysts who have lowered their expectations on apple. stuart: and there's a switch. all right. john boehner bends and makes the president an offer and it includes higher tax rates on the rich. boehner's proposal, higher rates on incomes over a million dollars a year
. >>> apple downgraded on iphone 5 fears. but what fears? sales of the phones soaring in china over the weekend. 2 million of them sold in the first three days of its launch there. so are fears about apple overblown? president obama says he will use whatever power he has to prevent another massacre like the one in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. t
is at the center of dispute with china. china has reacted with alarm. beijing declared itself "ready to work with japan" and they expressed disquiet. >> the former prime minister vowed to put the japanese economy back on track after years of deflation made worse by a soaring currency that has squeezed japanese exporters. >> a landslide victory for the conservative ldp party. voters are putting their trust in his promise to get the economy back on track. >> the mission we have been given is to beat inflation and deal with the high yen and wall dealing with the economy and working to create more jobs. >> many voters were critical over the handling of the devastating earthquake, tsunami, and nuclear disaster. they say it was last eight support rather than a rejection of the outgoing premier. >> politics is all about the results. we have to take responsibility. the cause of this major defeat lies with me, as the leader of this party. i hereby take these results seriously and i will resign as the leader of the democratic party in japan. what's the future of the japanese power plants was not a big
on upbeat economic data out of china. postal workers are bracing for the busiest day of the year today. the post office expects to deliver a record-breaking 365 million packages, cards and letters this holiday season. and gas price plunge: the national average for a gallon of unleaded gasoline dropped 9 cents from last week to $3.28 cents. that is the sound of a new trading week ringing in. daniel stecich of tjm institional joins us on this monday morning. good morning to you. > > good morning. good to be here. > the stock market is beginning to feel like we are stuck daniel. is that true? > > i don't think we are necessarily stuck. we're just a little bit nervous. two things in play here right now: you have the holiday trades starting to come in, so volume starts taming down a bit, and also we still have fiscal cliff issues to deal with. but if you look at the underlying markets, there is a lot to trade off of. there are a lot of economic figures that we need to look at that, because of the fiscal cliff, we may not have paid too much attention to. > then my next question to you is, is
in china are strong. when on friday some reports suggests otherwise. >> john ford is here now with the story. >> two conflicting story lines on apple collided today. one has apple ordering fewer iphone 5 parts which has a less than stellar start to 2013. the other is suggesting demand remains strong in apple's most crucial market for the iphone. the question here is are we at the beginning of a radical global slowdown for the iphone and ipad? half a dozen analysts believe to think so. believing that the iphone 5 parts have cut their price targets in recent days. the idea is that apple is ordering fewer parts for the months after the holidays. the problem with this theory though, demand still looks strong for the iphone 5 given the launch where apple couldn't make phones fast enough. and china did 2 million iphone 5s. europe is week. but with demands elsewhere looking healthy, some numbers at least seem to be going apple's way. the question is whether samsung and amazon are meaningfully zapping the apple products. >> all right, jan. thanks so much. >> we've got both sides of th
? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. fi
. >> thank you, steve. >>> for the first time apple is announcing how many iphones it sold in china. more than two million iphone fives sold in the first three days the devices were available in china. apple says that is the best debut for any iphone in china. >>> cisco selling off another piece of its consumer unit. the san jose based company has hired barclays to sell its router unit. last year cisco got rid of the flip camera business as well. they plan to focus on the software and technology business instead. >>> 6:21. there is an indiana jones mystery. who addressed a package to the movie character and why it may have been sent. >>> and is it the beginning of the end of the holiday tradition in pacifica? why fire works might be banned. >>> welcome back to the ktvu channel 2 morning news. early next year san francisco will start testing new street light technology. the city is partnering with eight separate companies that will show how well their different low energy systems work. all the lights can be made brighter or dimmer through remote wi-fi controls that will be tested in downto
-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these things are done on purpose. i want to let you know that we also can boast twice as many asian-americans on federal benches. those of us to understand the impact of the supreme court and what it can do or on june, we know that having asian-americans on the federal bench is a line up for appointments to the supreme court. thank you very much for this opportunity. i want to say that silicon valley is the birthplace of high-tech. silicon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron corp., wells fargo, mcdonald's, academy of arts university, at&t, southwest airlines. if you have not entered their raffled yet, do so later tonight. comcast, walmart, verizon, moon star restaurant. >> we go from the g
on the bus in china on december 12th, this woman right here, in a pink jakt gets on the bus with her 3-year-old child. she tells the people on the bus, that i'm having stomach pains, and she's going to the hospital. she's 39 years old, and nine months pregnant. . >> does she know that? >> she does, and she's feeling she is in labor. >> jostling the baby on the bus. >> that may have something to do with it, but eventually here on the bus, her water breaks. >> the bus driver brings into action. starts flashing his emergency lights, speeding toward the hospital, you see her push her pants down. >> she just pulled the baby out of herself? >> yes. >> someone pass the hand sanitiz sanitizer. >> someone passes her a blanket, a ambulance passes bye, and they flag it down, and they take mother and child to the local hospital. this was a baby boy, 7 pounds, 3 ounces. >> she pulled that baby out of her up and downs like a rabbit out of a hat. >> it all happened in 15 minutes, an labor for this woman? >> she is smacking that baby on the bus. >> you have to make sure nothing is blocking the baby's passa
since the iphone has gone on sale in china. china is a significant market for apple, it accounts for 15% of the company's revenue or about $24 billion during the last fiscal year. >>> a traffic stop in kansas city leads to the discovery of pipe bombs and fireworks right inside a truck bed. police stopped a tow truck driver on suspicion of drunk driving and after taking a closer look at the truck, they say they found homemade fireworks and pipe bombs. in order to safely detonate those devices they had to shut down a near by greyhound station. >>> coming up a live report from newtown connecticut, plus raiders fans show team pride in support for those lost in friday's shooting. >>> it is a defining moment for our town but it does not define us. we are newtown a special and caring place. >>> a the memorial continues to grow in newtown a city leader says her connecticut town is defined by acts of courage and by continuing commitment to its children. 20 young lives were lost on friday. all of them six or 7 years old. and at a vigil tonight at newtown, president obama talked about the innocen
with the democrats. dagen: apples weekend in china. new iphone sales top 2 million units. connell: $3.24 a gallon. these are the best prices we have seen all year for gasoline. a very, difficult day and weekend for many around the country. dagen: it will be a difficult week, month and many years to come as we try to deal with these shootings in newtown, connecticut. we will bring you up-to-date about any news as we get it. you'll hear about it in the fox news minute coming up in just a short while. connell: the business news of the day. we will begin with nicole petallides at the new york stock exchange. good morning. nicole: we did have a moment of silence for those in morning. our nation is in morning. let's take a look at the names on the move this morning. you can see some accelerated selling. 13% to the downside. it has been virtually flat. clearwater for $2.99. it is even below that particular level. we knew that sprint are ready to part of it. here is some economic news. not that great. it was down again. five months in a row. in japan, they had a big election. a lot of people have been ho
than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>> also, the national association for business economics growth in 2013 to come in at 2.1% after growing by 2.2% in 2012. that would continue the same tepid growth that the country has seen since the recession ended back in mid 2009. >>> and the nation is mourning the horrific event of friday in newtown, connecticut. president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on th
.com/mornings. >>> apple is doing brisk business in china with the new iphone and google avoids penalties in an anti-trust investigation. jason brooks with kcbs and cbsmoneywatch.com, good morning. >> reporter: good morning. apple has been under pressure of late. we have seen its stock drop about $200 since hitting an all- time high over $700 back in september. iphone sales have been a big worry with the new 5 out. but it looks like sales were off to a strong start in china. apple says it sold 2 million iphone 5s in the first three days of business in china. there are some expectations that the company could sell up to 50 million iphones in the current quarter. there are other concerns about the new ipad mini cannibalizing sales of its larger sibling. >>> google is unscathed by an antitrust investigation here in the united states, according to the "wall street journal." a number of rivals say google's search practices emphasize its own services and companies over that of competitors but the "wall street journal" says u.s. federal trade commission won't force google to sign a consent decree and googl
between japan and their asian neighbors, china in particular. the question now is if they will back up the tough talk with action. >> of the ruling african national congress party is meeting to choose its next leader. the current party late -- party leader is being challenged by his secretary. thousands of delegates will pay for the summit that comes every year. but they also face criticism for corruption and in fighting. a former british army doctor has been found guilty of dishonest conduct over the death of an iraqi prisoner. the charges date back to 2003, when a hotel receptionist died after being arrested by british soldiers. andrew potter has more. >> the doctor had only been at his job for two months when he was presented with a case of [indiscernible] the last 36 hours of his life was being beaten by british soldiers. as he was dying, the doctor tried to treat him, but denied noticing anything more serious than a bloody nose, including a fractured ribs and a broken robe. the verdict is another victory for his often inquiry into professional standards. the doctor now works at a
competition. once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was bought and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan is talking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here is the tragic choice. in the right to work states, wages are 10% lower.
immigrated to the u.s. from china and the 1930's. his father fought in world war ii and worked as a cook. he passed away when the mayor was 15. his mother was a seamstress and a waitress. mayor lee has five siblings, he graduated from college in maine, he also went to uc- berkeley law school and finished in 1978. he and his wife have two daughters. i also want to mention, prior to becoming mayor, one of the key points in his contributions to the community is after he completed law school, he worked as a managing attorney for the san francisco asian law caucus, where he was an advocate for affordable housing and the rights of immigrants and renters. mayor lee -- [applause] >> thank you. welcome to city hall. the people's city hall, san francisco. i want you all to note that that was such a wonderful rendition of our national anthem. please give another applause to the millennium -- melanie and her daughter. i am so excited about all of you and seen so many of you from all over our state. come to city hall anin san francisco, welcome. i would like to welcome the former secretary of transportat
at china basin and on average that is home game ain ten dance is dwayned to and from the ballpark by ferries. and with that, we would like again to bring forth, carolyn or began, she is the president of blue and gold fleet and they will she'll be able to give us a better insight and explanation on how important the ferry and excursion services are to the port and bay of san francisco. >> commissioners and director moyer, good afternoon. thank you for giving me the at some point to give you a little i am insight to blue and gold fleet. i would like to start out with a brief history of blue and gold fleet. blue and gold has been a port tenants when the found ore deer recognized the opportunity that existed to operate excursions and cruises. the first set sail from peer 39 and blue and gold expanded into the community computer service in 1931 the service started after the lulla competer earthquake in 1939 and was the beginning of the resurgence in 87. and the service started in 86 when marine world moved to value lay hough when the services conceived it was thought that the tr
species from japan and china and bamboo and native plants. >> they're trimmed to a human scale so you relate to them on a human level. >> this is one of my favorite sections and you can see the goarnlrous maples by the bamboo back drop and especially beautiful in the fall when the leaves start changing colors. just around the corner from maple lane this little garden is called a zen garden, a dry landscape garden and constructed here in 1953. this was originally designed by zen monks for the ground. their main purpose was to create a trairchg tranquil setting for the monks. this is no ordinary bridge. it's made of redwood, oak and cedar. the high arch style makes it easy to pass under. the newly refurbished tea house is in the center of the gard scpen a great place to eat and chill as you take in the view of the garden. if you wish you can experience the rich cultural tradition that celebrates the preparation of green tea or matcha and your host dressed in the ceremony will demonstrate how to clean the utensils and receive and drink tea with ancient japanese customs. the art of
are a small group in g f graffiti. we don't have enough help. >> i have a group in town down and china town and the north tunnel. [inaudible] the graffiti we abate everything is coming up to the areas now. >> i'm willing to take it on. i think -- >> you are telling me you are ready for this? >> i think so. >> okay. >> there you go. >> all right. >> all right. >> ready to do it. let's go. >> want to get the gray signses this over here and the garbage can and normally we don't do private property since it's on the corridor route you can come with me we will use black. >> we had a lot of changes in the graffiti unit. we do private property if someone moved we remove it and send it to the attorney's office and they take appropriate action. >> damage their property there. it's important to write the color in case they want to say what part of our house you abated the graffiti on. >> using your safety glasses the gloves. >> you got it. >> you know some places we gashi, people appreciate that. you know, a lot of timeses they say, thank you. >> the time where it's visible. a lot of p
to respond to different market conditions. this china basin park proposals is one of the reasons why the giants the sea well lot 337 llc., proposal is receiving such positive tension it's because of the attention they have given to the design of this water front open space. it would be 5-acres the costs are high. we are looking at entirely newue tillity infrastructure new streets, sidewalks sidewalks and park locate and is improvements to pier 48 currently estimates at over $2 million in current $2,012 and this infrastructure is really needed to unlock the value of this site for the port and for development. very significant this would be an entirely new city neighborhood with significant economic development for the city as a whole and 5,000 construction jobs and over 7,000 permanent jobs on the site and 10,000 jobs regionally with up to 2,000 new residents so erail mentioned the fiscal analysis that we would do through fiscal feasiblable report to the board of supervisors prior to environmental review and the draft fiscal feasiblability for this probability indicates a 9 million
a tough line over territorial disputes with china. now beijing has weighed in stock on what that will mean for them. reporting from tokyo. >> after the rhetoric of the campaign trail, beijing reacted to his win. he says the shift to the right in japan is a worrying development. >> we think the much more pressing issues that japan must show sincerity. we need to improve relations between the two countries. >> the first full news conference, he was sticking firmly to the same hard line on these countries all the way to japan. >> but the islands are inherently japan's territory. we own and control them under international law. there is no room for negotiation on this point. >> they also address the record low turnout at the election which she put down to a decision and others blame and voter apathy. especially among the younger generation facing a return to the party that has dominated politics for 50 years. their parents grew up knowing no other government. they are facing rule under the same period for the young in japan, it is a return to the old normal. >> the politicians are always doing
in china, but they are made out of cattails. >> these pieces of here, you have a whale head and various animals and their health over there, and they are jewelry. >> we do fund raisers for nonprofits, so we are doing a project for the magic theater, so there are some pretty funny cartoons. they are probably not for prime time. >> you sort of have a kind of holistic relationship where you might do merchandise in the store that promotes their work and practice, and also, prince for them. maybe we should go back and look at the print operation now. >> let's go. >> before we go into the print shop, i noticed some incredible items you have talked back here. what are we standing in front of? >> this is william wiley, only one earth. this is a print edition. there are only eight total, and what we wanted to do was expand the idea of printmaking. this is really an art object. there we go. >> besides the punball machine, what do you produce in limited edition? >> there is the slot machine. if you win the super jackpot, you have saved the world. >> what about work? >> the right design, it was thr
and one china. 294 yards shy of the all-time record. he could give it with two games left. >> ama: it would be great if both our teams win today. a return to middle earth just ahead. how "the hobbit" stacks up to >> ama: join me at 9:00 on cable 13. we'll take a look at a massive asteroid three miles wide. at it considered a potential threat but not for several centuries. and it's back to school tomorrow and after friday's shooting it can be scary even for kids in the bay area. tonight the one thing you should tell your kid before they head to school. >>> middle earth is back on top at the box office. >> ama: peter jackson's "the hobbit" took in nearly $85 million in the record-setting opening, stronger than the three previous "lord of the rings" films, and guardians pulled in the family crowd. lincoln crossed the $100 million mark. skyfall is still hanging on. coming in at number four. and "life of pi" wraps up the top five films. that does it for us at 6:00. thank you so much for joining us this evening. we have free apps for your smartphone and download our large clock app for
not necessarily know what is going on. >> are there any lessons in your book for the people who live in china? there is not the openness. what would you say about the chinese leaders about their future? >> the chinese leaders have drawn lessons from these stories. the chinese leaders know this piece of history, and there is a similar time in their own history, and they also have studied very carefully the 1980's. one of the decisions they have made based on setting this piece of history is that they have made contemporary china last totalitarian in the sense that they do not make people march in parades and they have abandoned ideology of making people repeat what they do not believe in. the pressures they put on people are in that sense less. it is more subtle. you can talk about corruption, but maybe not criticize the party directly. there are unwritten rules of speech. i would say what the chinese will have to be careful of is the moment when the basis of their legitimacy begins to deteriorate. right now, they argue it has the right to stay in power because it is bringing fast growth. and
is going on. >> are there any lessons in your book for the people who live in china? there is not the openness. what would you say about the chinese leaders about their future? >> the chinese leaders have drawn lessons from these stories. the chinese leaders know this piece of history, and there is a similar time in their own history, and they also have studied very carefully the 1980's. one of the decisions they have made based on setting this piece of history is that they have made contemporary china last totalitarian in the sense that they do not make people marc rich and march in parades and they have abandoned ideology of making people repeat what they do not believe in. the pressures they put on people are in that sense less. it is more subtle. you can talk about corruption, but maybe not criticize the party directly. there are unwritten will hear -- unwritten rules of speech. i would say what the chinese will have to be careful of is the moment when the basis of their legitimacy begins to deteriorate. right now, they argue it has the right to stay in power bec
fires one at a time. by the way, there was a tragedy in china, too, where a guy had a knife. there was no kids killed. none. >> this is "the bill press show." our national security at risk. >> bill: well, you know, that was a david stockman theory, i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ music ] >> coming to you live at current.com/billpress, this is the bill press show, live on your radio and current tv. >> bill: welcome back, everybody. 33 minutes after the hour this monday december 17th the full court press coming toy live at from our nation's capitol. we are focusing continuing our grieving and mourning over the loss of 201st graders for their teachers, the s
iphone in china. apple sold more than two million iphone fives during the first three days they were available. this is the first time apple has given sales numbers for an iphone. >>> in overnight markets china closed with half a percent gain. japan's nikkei finished up 1% after weekend elections there spurred optimism about policy reforms. but rest of asia posted declines over concerns over the fiscal cliff here in the u.s.. >>> speaking of the u.s.. right now futures indate a slightly mixed opening with a higher opening for the dow and s & p but the nasdaq may drop a little bit. right now the european markets most are trading lower as well. >>> time now 5:20. the first public appearance for the duchess of cambridge since being treated for morning sickness. we have video of her first night out. also we'll take a look at the nurse who took her life after a radio station hoax involving the duchess. we'll tell you how she is being remembered. >>> we'll tell you why some parents are threatening to sue over yoga classes in schools. >>> you can wake up with ktvu every morning. get the mor
an elementary school in china with a knife. he wounded 22 children but they all lived. they will all come home. the difference here is that the maniac had a gun and 26 people are dead. in china, he had a knife. 22 children were wounded but they're all going to be okay. it is our fault if we continue to let this insanity reign in this country. we know what to do about it. we have death by gun rates 15, 20 times more than any industrialized country. we know why. we have to stop this. >> ezra, there's a new "chicago trib" editorial out today by dick durbin talking about what will it take. what holds us back are political organizations that are well funded and continue to resist reasonable limitations. there is a parallel between the gridlock in washington and the erie silence in congress as the list of horrific gun crimes grows by the day. an obvious reference there to the nra. there were no supported senators of the nra that would go on "meet the press" this weekend. the nra has been oddly mum in this, telling nbc news they want to wait to remark on this until more facts come to light. but as yo
the iphone 5 is selling. great sales in china. i think apple is poised to have a good finish to this year, really well-positioned for next year particularly getting toward the apple tv. i think apple tv will put apple back into everybody's cards. ashley: you still think it is a buy at this price? >> i think you'll have a lot more selling between here and the next couple of weeks because of the capital gains issue. other than that, apple is a great place to be. we are definitely holding. ashley: where do the market go? two scenarios. getting some sort of a deal done, is a market poised to move higher? >> on a fundamental basis a lot of sectors in the market that are very cheap. i think the market will go much higher. again, low volume which is a little bit tricky. ashley: which sectors in particular do you like. >> love energy, industrial, i think all those sectors are poised to do really well. 2013 will be a pivotal year, a lot of things will happen. if any one or two of them are good comi, close to the market r a strong year. ashley: also say the housing employment will improve ss credit
production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the presidenlooking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had sid the same policies, i have had been considered a moderate republican back then. lou: i don't know whether he believes that or not. it s great have a team with us. >> i'm not sure he could have gotten elected 25 years ago as a kid. obviously, he was pretty social step backward in time. lou: he says he has outgrown all that. >> by the definition of what you are, he is pretty left-sided as far as i'm concerned the. lou: the idea that the president came back in the so-called negotiations. it is either a farce of this process or whatever you want to call it -- but telling speaker boehner that all he really wants your is $1.6 trillion in tax breaks, and oh, yeah, he will give
to buy back american from china. america, it's probably very clear to you right now your shortest path to true democracy is due north. when you go into that polling station this year, don't just check the box for most charming millionaire. consider a country you truly deserve, canada, and together, we can make a new america, but better. thank you. [applause] >> thank you. [applause] >> thank you. >> awesome. >> handsome man. he's the average canadian. they did a computer photo thing and averaged all the canadians together, and this is the guy we got. >> there's hairy women in canada. >> i'll read a standard mortality table -- short section, section 3.2. this is about the citizens united decision. do i have to explain that to anybody? okay, good. stop putting politicians on layaway, and start buying them out right at the bed, bath, and beyond integrity. a quick fact before i introduce the chapter. before i get going, thank you, c-span for coming out and covering this. you guys are awesome. [applause] more programming like this, a little less council on foreign relations and bull shit. [
, interesting day here once again. it is moving higher on better than expected iphone5 numbers in china. 2 million sold there. morgan stanley pounding the table. ipad and iphone demand remains robust. you need to own apple into the early part of 2013. earlier this morning, first, on the flip side, you have citigroup saying they are downgrading apple. my phone suppliers have cut back on some orders. attention, that donald's shareholders, here, i have one. i will put it on ebay. the race is officially over. we are talking pork, pickles, onions smothered in barbecue sauce. mcdonald's a widely held stock in light of your portfolios and 401(k)s. they bring it back every year for a limited time. look at what it is doing for the stocks. it is up one full percentage point today. it has been kind of a rough couple weeks. the fabulous mcrib, i do not know, is it really a rib? let's get to the floor show. [ laughter ] traders at the new york stock exchange, cme aad the imax. >> i was forced to do one for another network last year. liz: they are super popular, at least when it comes to the stocks. onc
of tragedies. >> there was also a similar incidence in china of someone going in but they didn't have a gun so nobody died. it happened on the exact same day. >> stephanie: if we all go to our regular talking points, we're never going to get anything done. all of those catchphrases, guns don't kill people, all of that stuff, there is something we can do. and i honestly feel like everything's a part of it. mental health, cutbacks that affect mental health. obviously guns. senator feinstein's bill should be the start of what we do. absolutely we should ban assault weapons and the clips and close the loophole at gun shows. >> a woman was calling said her granddaughter's school has bulletproof glass and metal doors. you can't get in. >> stephanie: louis gohmert on cue, we need teachers armed. we need more guns. >> we need 6-year-olds armed. >> stephanie: seriously first grade principals, we need them armed like rambo? >> you know what? i would rather have them be trained to teach children. i don't need them to be trai
that before in china, another mentally disturbed man went into a school and knifed 23 people, 22 of them children. i think one has died. the difference was, he had a knife. adam lanza had a gun. >> the united states, for better or for worse, is a gun culture. we are a culture that uniquely in the world sees the value and significance and firearms. it is been the case since the founding of the republic. the second amendment is scorned by many people, but it has been there since the beginning and it is very meaningful to millions and millions of people in this country. farmers represent not something evil to many americans -- firearms represent not something evil to many americans, the self-reliance. the american profile. as a result, we end up with a country that is suffused with firearms. >> and "meet the press," the author of the 1994 salt weapons and i and feinstein said she is introducing a bill to reform gun ownership standards in the next congress. >> i'm going to introduce in the senate and the same bill be introduced in the house, a bill to ban assault weapons. it will ban the sal
in china. 7,500 in one day in pack san in a school in an earthquake. the terrible situations do cause us to refocus and try to come up with improvements. and our children are getting safer at school day by day. i put a 4-year-old on a school bus this morning. but i feel fairly confident, not that, again, no place is perfectly safe, but i trust his teacher, principal, school system and local public safety officials to do a good job of trying to make him safe. >> i second what you said there. i trust that people in my children's school to keep them safe but what are you comfortable with parents like us telling kids about what to do in a given emergency, keeping in mind that as parents we do want to keep that sense of innocence that our 4 and 5-year-olds have about the world? what information are we giving them? >> we have to be very careful. my wife and my 4-year-old, we have not let him watch the media coverage but he was hiding in our closet yesterday. and she was ironing clothes and said, hunter, what are you doing there? he said, i'm hiding from a gunman. i don't want people like this
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